Transcripts for CNN Your Money 20131012 18:03:00 : vimarsana

CNN Your Money October 12, 2013 18:03:00

an uphill climb, but speaker boehner warned his caucus. and it game clear what was going to happen. he did say we could lose the house over this. it doesn't come as a surprise to republicans, but it certainly is, when you put numbers to it, it's a huge slapdown. >> you saw the poll numbers falling. ken rogoth, registers the sharpest drop. can this recovery right now withstand a government shutdown, a sequester, and then assuming you get over this debt ceiling drama and you go into a budgetary process, maybe sharp budget cuts and entitlement reform, is this the time for austerity in america? >> it's clearly not. i think this is a time when we need to sort of balance the budget over the long run, but for the -- i think it's a mistake. there are things they should be

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